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What GE’s Board Could Have Done Differently

Harvard Business Review

During Jeff Immelt’s tenure as CEO of General Electric, from 2001 until 2017, the company’s stock price fell by over 30%, a decline of roughly $150 billion in shareholder value. GE’s pension deficit exploded between 2010 and 2016, as the company spent $40 billion on stock buybacks in a futile effort to boost its stock price.

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How Chinese Subsidies Changed the World

Harvard Business Review

A surge in exports of Chinese panels depressed world prices by 75%. In 2000, labor-intensive products constituted 37% of all Chinese exports; by 2010, this fell to 14%. billion in 2010. In 2010, it overtook Japan to become the second-largest manufacturer, and its foreign-exchange reserves became the largest in the world.

Bond 8
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GM’s Stock Buyback Is Bad for America and the Company

Harvard Business Review

In 2010 the “New GM” did one of the largest initial public offerings in history, with share sales to the public of $23.1 billion from 2010 through 2013), it would probably still be bankrupt but for the booming Chinese market. Their only purpose is to give manipulative boosts to GM’s stock price. Instead, U.S.

Hedge 8
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How to (Gradually) Become a Different Company

Harvard Business Review

For example, it took Umicore, a global materials technology group, five years (2002–2007) to lay the basis for its transformation from a commodity supplier of base metals into a premium provider of emission control catalysts, rechargeable battery materials and other value-added solutions. Go for the occasional mega-acquisition.

Company 10
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Moneyball and the Talent Mismatch Facing Business

Harvard Business Review

When I first read Moneyball: The Art of Winning An Unfair Game (the book that inspired the movie that opened this past weekend), I was struck by the similarities of the challenges that General Manager Billy Beane faced in 2002 to those that business employers face as they try to achieve the best returns on their talent investments.

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The Downside of Health Care Job Growth

Harvard Business Review

trillion spent on health care in the United States in 2010 was wages for health care workers, and labor productivity has historically worsened at a rate of 0.6% Demand and supply are not growing in tandem: from 2002 to 2012, inpatient days per capita decreased by 12% while the workforce in hospitals grew by 11%. Over half of the $2.6

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The New New International Economic Order

Harvard Business Review

It's stunning today to read the NIEO demands—because they are almost exactly the same as what Supachai Panitchpakdi, head of UNCTAD and previously Director General of the WTO (2002-2005), is now calling for. Consider the differences in various shares of the top ten emerging markets in comparative perspective.